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10-15-2018, 04:16 PM #1
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backdooring again
Barnard and Fifth Capital Group
Fast Advance Funding
SPG Capital
Anyone know the relation of these companies?
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10-15-2018, 06:49 PM #2
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10-15-2018, 09:56 PM #3
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10-15-2018, 10:00 PM #4
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More McDonald ave shops?
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10-15-2018, 10:04 PM #5
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10-15-2018, 11:08 PM #6
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- Brooklyn N.Y.
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10-16-2018, 02:09 AM #7
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10-16-2018, 09:28 AM #8
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10-16-2018, 10:01 AM #9
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SPG Capital is not SPG Advance. Fast Advance is a producing shop that probably is connected to PAR. Barnard & Fifth is a smaller funder.
Be VERY careful when you throw people's names on a forum.
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10-16-2018, 11:22 AM #10
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10-16-2018, 12:10 PM #11
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fastadvance is definitely Par.
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10-16-2018, 12:11 PM #12
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Did someone backdoor a file only to then get backdoored themselves, when they submitted through the backdoor?
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10-16-2018, 12:47 PM #13
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10-16-2018, 12:55 PM #14
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10-16-2018, 01:07 PM #15
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never heard of any of them accept maybe on spam emails trying to get deals
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10-16-2018, 02:10 PM #16
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10-16-2018, 02:42 PM #17
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edit
Last edited by MidnightAdvance; 10-16-2018 at 03:07 PM.
High risk paper
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10-16-2018, 02:45 PM #18
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could be another broker (one with PSF) got the offer from SPG but SPG was using Par as funder. That will explain the three names but that going to be a sticky situation. SPG made the offer via Par, broker put his PSF on it. When we used to work with Par they did not allow PSF's so if that is still the same there that would explain everything. But I could be totally wrong sticky situation
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10-16-2018, 02:57 PM #19
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10-16-2018, 02:59 PM #20
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10-16-2018, 03:37 PM #21
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10-16-2018, 04:09 PM #22
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10-16-2018, 11:37 PM #23
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I tend to stay away from this forum, but barnard/fifth and spg advance do not backdoor. Ive been in this industry for 4 years now, so take my word for it, ive done what most acconplish in 8-10 years within two.
About spg advance. I only send my deals to these guys and yellowstone for highrisk. The reason is because they get the best offers period. They've also never screwed me on a renewal. I get auto messages the moment renewals are up, or random paydays!
Whomever had a bad experience be aware that someone else probably had the file and beat you to it. Don't talk sh__ if you can't pm folks direct proof.
I recently had a 5th pos deal, where Ysc gave 60 pmts 25k. Mantis 15k 66 payments. ML factors gave 66 days 20k.
SPG advance gave me 40k at 80 freakin payments. If you dont work with them then sign up right away because you're missing out. They're #1 in the high risk space.Last edited by Zonefund; 10-16-2018 at 11:42 PM.
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10-16-2018, 11:38 PM #24
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10-16-2018, 11:39 PM #25
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